Nord Stream 2 Pipeline
With the temporary closure of Nord Stream I, Moscow continues to turn the screw on Europe’s energy supply.
Nord Stream 2 is dead (again), but don’t expect the Kremlin to shed many tears.
Ultimately, this zero-sum decision between two US allies was hardly a Sophie’s choice.
Donald Trump has no solution to the crisis in the domestic hydraulic fracturing industry. Ultimately, the survival of the industry lies in Saudi Arabia.
LNG imports and Azeri pipelines look set to lessen Europe’s dependence on Russian supplies, potentially limiting Moscow’s political and economic influence over the region.
Denmark’s regulatory foot-dragging on Nord Stream 2 could frustrate Russian attempts to isolate Ukraine on a new gas transit deal.
Key background information on Nord Stream 2, the energy pipeline that was center stage at this week’s NATO summit.